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comes back to us is the substituted compliance, as strict in london as it is in america? it's unusual that the crisis happens in london. mr. cooper, would you like to comment on it? and i will say in basel iii we're hearing from some of our financial institution that is the capital requirements are more onerous on american banks because american regulate, are going to enforce them and many competitors feel they will not enforce it. so this is a problem if someone can go, to another, have a different standard in what is competitive global market in the case of capital requirement requirements. have a situation that is disadvantage to american firms. i'm concerned about the threat to american taxpayers. you can say you have substituted compliance but how are you enforcing the substituted compliance? you hear from some financial institutions, won't say it publicly but don't feel it is regulated in certain places and i'm wondering is london one of them. why are so many financial crises in london? i would like to here from mr. cook. >> i think that will be a very important situation if sub
be the biggest concern for the united states of america, if it spreads across boundaries and al qaeda of the islamic maghreb will be a continuing problem throughout africa. thank you very much. >> senator isakson i'm always thankful for your partnership and the way our staffs work together for these hearings. forgive us, it is past left vending our appointed hour. all your testimony, your written testimony will be submitted for the record. there were several or the senators who expressed real interest in this hearing today but due to their sqed us were unable to join us. i will leave the record open for a week which will allow senators to address questions to any of our witnesses and take some actions going forward. i'm grateful for the support of efforts that made it possible for us to get a grateful discussion of many challenging issues facing the united states in the region and in mali. thanks for joining us. dr. dr. fomunyoh and miss dufka and thank you for your testimony today. we're grateful for your testimony and with that this hearing is adjourned. >> the labor department toda
Search Results 0 to 1 of about 2